TallPollins
Registered User
- Messages
- 7
Hi All,
I have recently created a ltd company. The main reason is the protection of ltd liability. I am in the BER Energy service sector.
I am also VAT registered even though I wont reach the threshold in year 1.
This business is a part time one for me. I don't expect a huge amount of financial transactions from month to month and I am confident enough that I can do my own VAT returns and also handle the PAYE modernisation/Payroll part as I have some knowledge in this area. I expect to take a small regular amount as a salary from the company on a monthly basis.
The one bit that I am not as confident about is the Annual Accounts and Annual Returns to the CRO. I would like to keep my costs here as minimal as possible.
My question is this... I assume that an accountant needs to do the annual accounts and AR to CRO? If there was a template that I could use then I would definitely have a go at bringing it to a stage where the accountant would have little work to do. My old account quoted me 1200 + VAT for this work which seem excessive in my mind.
Any advice on what the best way to proceed is?
I have recently created a ltd company. The main reason is the protection of ltd liability. I am in the BER Energy service sector.
I am also VAT registered even though I wont reach the threshold in year 1.
This business is a part time one for me. I don't expect a huge amount of financial transactions from month to month and I am confident enough that I can do my own VAT returns and also handle the PAYE modernisation/Payroll part as I have some knowledge in this area. I expect to take a small regular amount as a salary from the company on a monthly basis.
The one bit that I am not as confident about is the Annual Accounts and Annual Returns to the CRO. I would like to keep my costs here as minimal as possible.
My question is this... I assume that an accountant needs to do the annual accounts and AR to CRO? If there was a template that I could use then I would definitely have a go at bringing it to a stage where the accountant would have little work to do. My old account quoted me 1200 + VAT for this work which seem excessive in my mind.
Any advice on what the best way to proceed is?